DEVELOPER WARN INDIVIDUALS ABOUT US$18.5 BILLION ABUJA CENTENARY CITY

Treasury looters warn about investing on the US$18.5 billion Abuja centenary city by developers.

Abuja centenary city developer warns looters of government money to stay clear of the Smart city. Alhaji Alhassan Baba Dantata issues this warning when talking to the press on the progress of the project.

According to the developer, only legitimate source of income and access to mortgage facilities can invest in the project. The developer also said that a section has been allocated to former Nigerian Presidents. Meanwhile, the 1,262 hectare smart city section will be use for their  libraries and archives.

The smart city will also have Buhari Tower named after President Muhammadu Buhari. Meanwhile, this Tower will be design mainly for low income earners in the country.

Developer Alhaji Alhassan Baba Dantata said “The person that has the right to buy into this project, first of all, is somebody who has money or access to money through mortgage. He also said it is not going to be a haven where people will come and hide money.”

Every design of any project here has to go to Dubai for approval because the financiers are coming from Dubai. This will help keep investor happy and also have the power to regulate the funds.

Meanwhile, the project will create 150 jobs through evolution as it will have at least 140,000 residences. This will mean that close to 250,000 jobs will be available on a daily basis.

The project was first taught about during the 100 years celebration of Nigeria existence by the former President Goodluck Ebele Jonathan who initiate the idea.

The city will have 260 luxury villas, 256 apartments building, 13 waterfront retail areas. It will also have 139 office buildings, 313,697 square metre hotel suites and serviced apartments, 30 floors of luxury apartments, among other offerings including $50 million city gate.